capt Brian

This Is Not Financial Meltdown

Oh this is too simple, we are in a bear market, so why fight it. BUT...do you think people are going to stop buying things? I don't think so. Sure, in Detroit while they figure out that the bars income is going to drop some, and Starbucks may close a few more locations,but people will eat(need farms and trucks to bring it), sleep somewhere, (need heating oil) , and food clothing and shelter will be purchased at some level, causing trading of money from / to people. So only question is when do we start buying toys again. Simple, when people get back to work, and quit crying. Many have been paid over $70 bucks an hour to put a bolt in a bumper. Where is all the money, surely did not go to savings. Where is the equity in their homes they have been paying on all these years when times were good. I'll tell you where it is. It went to 2nd mtgs to pay for toys, (suv's vacations, etc) They did not save first like I did. Now when the @#$% hits the fan, prudent people can fall back on savings and their plan for hard times. Whereas the others who thought the cornucopia would never stop pouring out goodies got a wake up call. Welcome to thinking about a savings plan for next time. Gets clear doesn't it?